Deep Analysis of the Driving Factors and Market Impact of Guofeng New Materials (000859) Hitting the Daily Limit

Guofeng New Materials (000859) is a basic chemical enterprise listed on the Shenzhen Stock Exchange [2], focusing on the R&D and production of new materials [0]. This daily limit is mainly driven by three factors:

1. Outbreak of the Photoresist Concept
   : The company’s PSPI photoresist product is in the laboratory preparation stage [0]. Coupled with the background of domestic substitution policies (Japanese manufacturers account for 90% of the global photoresist market share [0]), it has become the core of concept speculation;
2. Support from Restructuring Expectations
   : The restructuring matter of planning to acquire 58.33% equity of Jinzhang Technology has responded to the exchange’s inquiry [3]. At the same time, there is market expectation that Hefei State-owned Assets Supervision and Administration Commission will inject Changxin Xinqiao Storage Technology [0];
3. Main Fund Intervention
   : On November 21, the main fund had a net inflow of 102 million yuan, and the margin trading and securities lending data were active [3], pushing the stock price to three consecutive daily limits to 8.68 yuan [0].

• Cross-domain Synergy
  : The photoresist concept and restructuring expectations resonate, coupled with the dividend of domestic substitution policies, amplifying market sentiment [0];
• Linkage Between Funds and Concepts
  : Main funds accurately cut into hot concepts, significantly increasing short-term attention [3];
• Regional Resource Advantages
  : As the core of the semiconductor industry cluster, Hefei brings potential resource integration opportunities to the company [0].

• Main Risks
  : PSPI photoresist has not yet been commercialized, and there is a risk of correction in concept speculation [0]; the restructuring matter still has uncertainties [3];
• Potential Opportunities
  : If the restructuring is successful or there is a breakthrough in photoresist technology, it is expected to open up long-term growth space [0];
• Priority Assessment
  : In the short term, attention should be paid to restructuring progress and main fund flow; in the long term, track the commercialization process of technology [0].

Guofeng New Materials’ recent daily limit is the result of the combined effect of concept speculation, restructuring expectations, and fund promotion [0]. Investors should view short-term market conditions rationally, distinguish between concepts and fundamental differences, and pay attention to the progress of the company’s core business and the implementation of restructuring [0].